Decision No. 1035/2001/QD-NHNN Regarding the permission for the Vietnam Agricultural and Rural Development Bank to implement the maximum ratio of short-term capital used for medium- and long-term loans

DECISION

Regarding the permission for the Vietnam Agricultural and Rural Development Bank

to implement the maximum ratio of short-term capital used for medium- and long-term loans

for medium- and long-term loans

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GOVERNOR OF THE STATE BANK

Pursuant to Law No. 01/1997/QH10 on the State Bank of Vietnam dated December 12, 1997;

Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government regarding tasks, authorities, and management responsibilities of Ministries and ministerial-level agencies;

Pursuant to Decree No. 49/2000/NĐ-CP dated September 12, 2000 of the Government on the organization and operation of commercial banks;

At the proposal of the Director of the Department of Banks and Non-Bank Financial Institutions,

DECISION

Article 1. The Vietnam Agricultural and Rural Development Bank is permitted to implement a maximum ratio of short-term capital used for medium- and long-term loans at 30%.

Article 2. This Decision takes effect from the date of issuance.

Article 3. The Director of the Office, the Director of the Department of Banks and Non-Bank Financial Institutions, Heads of units under the State Bank of Vietnam, Governors of provincial branches of the State Bank, Chairmen of the Board of Directors and General Managers of the Vietnam Agricultural and Rural Development Bank are responsible for implementing this Decision.